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economic development

Stanley Martin Companies LLC purchased 1.165 acres at 1027 North Lombardy St. in Richmond from Sylvia Place Properties LLC for $3.9 million.
Mar 4, 2020

Stanley Martin buys Richmond parking lot for $3.9M to develop town homes

Reston-based Stanley Martin Cos. LLC has purchased a 1.16-acre parking lot at 1027 N. Lombardy St. in Richmond from Sylvia Place Properties LLC for $3.9 million, Virginia Beach-based Divaris Real Estate Inc. announced Wednesday.  Read Goode and Cheryle Toy represented Stanley Martin in the transaction. Stanley Martin also has 2.25 acres of adjacent property under […]

Former site of Colortree Group Inc. at 8000 Villa Park Drive in Henrico
Mar 3, 2020

Former Colortree factory to be taken over by new company

Tulsa, Oklahoma-based marketing conglomerate Moore DM Group will invest $31 million in reopening the Henrico County printing plant formerly operated by Colortree Group Inc., which abruptly went out of business in June, leaving 240 employees out of work. The new plant will be run as Richmond Print Group, a subsidiary of Moore DM Group. Richmond […]

Feb 27, 2020

SimpliSafe customer support center to create 572 jobs in Henrico

Home security system manufacturer SimpliSafe is establishing a customer support center in western Henrico County, a deal expected to create 572 jobs, Gov. Ralph Northam announced Thursday. The Boston-based company will invest $5.5 million in a facility at 1601 Willow Lawn Drive, close to the Richmond city line. SimpliSafe provides self-installed home security devices, 24-hour […]

Feb 25, 2020

Water heater manufacturer will create 180 jobs in James City County

Navien Inc., a U.S. subsidiary of a South Korean manufacturer of water heaters and boilers, is setting up shop at the former Lumber Liquidators building in James City County, creating 180 manufacturing jobs, Gov. Ralph Northam announced Tuesday. This is the first U.S. manufacturing operation for KD Navien, which is headquartered in Seoul, and the […]

(L to R) Virginia Chief Workforce Development Advisor Megan Healy; Fairfax County Economic Development Authority CEO Victor Hoskins; Northern Virginia Community College President Anne Kress with Alarm.com apprentices, Alarm.com CEO Stephen Trundle and Vice President of Human Resources Victoria Schillinger. Photo courtesy Northern Virginia Community College
Feb 21, 2020

Alarm.com launches apprenticeship program

In cooperation with Northern Virginia Community College, Tysons-based Alarm.com launched an apprenticeship program Friday aimed at producing workers with in-demand tech skills. Supported by the state’s GO Virginia economic development initiative, 10 initial apprentices, including three from the military community, will participate in Alarm.com’s paid yearlong apprenticeship program. Th[...]

Opportunity Virginia website launches
Feb 11, 2020

Richmond’s $1.5B Navy Hill project is dead

Richmond City Council on Monday formally killed the $1.5 billion Navy Hill proposal, with seven of nine members voting to strike several elements of the plan from the council’s consent agenda. After the vote, council members passed a resolution that Richmond Mayor Levar Stoney start over with a request for proposals to develop the area […]

Rendering of the proposed VCU Health Systems complex in Richmond's Navy Hill area
Feb 4, 2020

VCU Health proposes medical complex as part of Navy Hill project

The $1.5 billion Navy Hill project — as proposed — may be killed next Monday by Richmond City Council, but that hasn’t stopped Virginia Commonwealth University and other heavy hitters from making economic development announcements in an effort to salvage the controversial project. VCU Health System announced Tuesday that it would build a complex in […]

Jan 30, 2020

Mack Trucks plant in Roanoke County to create 250 jobs

Gov. Ralph Northam announced Thursday that Mack Trucks will create 250 jobs at a Roanoke County facility building a new line of medium-duty trucks. The company, part of the Volvo Group, plans to invest $13 million in the project, according to state and county officials. The plant, to be known as Mack’s Roanoke Valley Operations […]

Jan 29, 2020

Blue Ridge Designs LLC invests $2M to expand Southwest Va. operations

Carroll County-based screen-printed apparel manufacturer Blue Ridge Designs LLC will invest $2.28 million to expand its operations, creating 118 jobs, Gov. Ralph Northam announced Wednesday.  Blue Ridge Designs was established in January 2019 and manufactures screen-printed apparel with watercolor ink. Since January 2019, the company has purchased six presses and three dryers, hired 80 employees [...]

Jan 28, 2020

Cybersecurity firm Expel adding 164 jobs in Fairfax

Expel Inc., a managed cybersecurity provider, is investing $1.4 million to expand its Herndon headquarters, creating 164 jobs in engineering, customer experience, IT, marketing and sales during the next three years. “Virginia has emerged as a national leader in cybersecurity and continues to be at the forefront of workforce development in this rapidly evolving industry, […]

Jan 28, 2020

Richmond-based investment nonprofit to manage $33M guarantee pool

Richmond-based LOCUS Impact Investing, a subsidiary of Virginia Community Capital, will manage a newly formed $33.1 million national guarantee pool to encourage community development, according to a press release Tuesday. The Community Investment Guarantee Pool has $33.1 million in unfunded guarantee commitments from the endowments of 10 philanthropic organizations, which help mitigate investment [...]

Jan 22, 2020

State announces $18.3M in broadband grants

The Virginia Telecommunication Initiative (VATI) will award more than $18.3 million in grants to 12 broadband expansion projects in the state, mainly in rural areas, Gov. Ralph Northam announced Wednesday. The grants are expected to connect about 36,000 households, according to a press release. The governor’s proposed 2020-21 budget adds $16 million to the $19 […]

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